NEWS21 May 2021
All MRS websites use cookies to help us improve our services. Any data collected is anonymised. If you continue using this site without accepting cookies you may experience some performance issues. Read about our cookies here.
All MRS websites use cookies to help us improve our services. Any data collected is anonymised. If you continue using this site without accepting cookies you may experience some performance issues. Read about our cookies here.
UK – Consumer confidence grew by six points in May as Covid-19 restrictions ease across the UK, according to GfK’s consumer confidence index.
The index found that overall consumer confidence was at -9 in May, a six-point increase on the previous month.
The figures were driven by a 15-point increase in expectations for the general economic situation for the year ahead, up to a score of four.
There was also a 10-point increase in confidence in the general economic situation over the past 12 months in the UK, albeit still with a score of -48.
The index is based on a survey of 2,000 individuals between 4th May and 13th May 2021, with scores above zero reflecting a positive outlook, and below zero a negative outlook.
The savings index was at +22, which was the same as April, and the major purchase index rose five points to -7, a score that is 40 points higher than in May 2020.
Survey respondents rated their personal financial situation for the previous 12 months at -4, which was one point down from April and the same as May 2020. The forecast for personal finances over the next year stayed the same as April at +10.
The scores come as the UK eased restrictions in April on hospitality, retail and social activity.
Joe Staton, client strategy director at GfK, said: “These findings reflect April’s ‘feelgood’ re-opening of outdoor pubs, shops, gyms and hairdressers combined with continuing vaccination success.
“In addition, we’re seeing a healthy five-point uptick in the major purchase index, with more consumers seizing the opportunity to splash the ‘accidental savings’ that some have collected. Now really is a good time to buy. Growing confidence is fuelling the economy and only a reversal to lockdown can dampen this solid momentum.”
Newsletter
Sign up for the latest news and opinion.
You will be asked to create an account which also gives you free access to premium Impact content.
Julian Adams of @decodingloyalty reflects on how drawing on social identity can help marketers to challenge the sta… https://t.co/TcdyOopBeL
Google tests AI chatbot https://t.co/mLfLNNmDeN #mrx #marketresearch
Insight Association seeks clarity on Colorado Privacy Act https://t.co/9IBlTufUNb #mrx #marketresearch
The world's leading job site for research and insight
Hasson Associates
Client Manager – Brand
£40000–45000
Spalding Goobey Associates
Research Manager – International Social Affairs Research
£40,000 – 46,000 + bens
Resources Group
Chief Operating Office/Chief Delivery Officer – Digital Insights Consultancy
c. £120–150,000
Featured company
Town/Country: London
Tel: +44 (0)20 7490 7888
Kudos Research are leading providers of premium quality UK and International Telephone Data-Collection. Specialising in hard to reach B2B and Consumer audiences, we achieve excellent response rates and provide robust, actionable, verbatim-rich data. Methodologies include CATI, . . .
Related Articles
RT @amsr_uk: NEW BOOK LAUNCHED on "British love affair wd pets" uses Archive as a source "From pet economics to pet cemeteries, this wo…
The post-demographic consumerism trend means segments such age are often outdated, from @trendwatching #TrendSemLON
0 Comments